2,465 Shares in Comfort Systems USA, Inc. $FIX Bought by ABN Amro Investment Solutions

ABN Amro Investment Solutions purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,465 shares of the construction company’s stock, valued at approximately $2,301,000.

Several other institutional investors have also recently made changes to their positions in FIX. Vanguard Group Inc. raised its stake in Comfort Systems USA by 17.0% during the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock worth $4,022,597,000 after buying an additional 625,567 shares during the period. Invesco Ltd. increased its stake in Comfort Systems USA by 7.4% during the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after purchasing an additional 73,727 shares in the last quarter. AQR Capital Management LLC raised its holdings in Comfort Systems USA by 6.8% during the third quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock worth $678,475,000 after buying an additional 53,125 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Comfort Systems USA by 36.8% in the third quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company’s stock valued at $606,117,000 after buying an additional 197,613 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Comfort Systems USA by 29.8% in the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company’s stock valued at $423,529,000 after buying an additional 117,892 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on FIX. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a research note on Friday, April 24th. Glj Research assumed coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. UBS Group raised their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average target price of $1,923.20.

Comfort Systems USA Trading Down 0.3%

NYSE:FIX opened at $1,829.88 on Friday. The firm’s 50 day moving average is $1,647.02 and its 200 day moving average is $1,291.35. Comfort Systems USA, Inc. has a 12 month low of $452.65 and a 12 month high of $2,073.99. The stock has a market capitalization of $64.41 billion, a PE ratio of 52.80 and a beta of 1.70. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the firm earned $4.75 EPS. The business’s revenue for the quarter was up 56.5% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 15th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio is 9.23%.

Insider Buying and Selling

In related news, CFO William George III sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the completion of the transaction, the chief financial officer owned 37,824 shares of the company’s stock, valued at approximately $54,276,305.28. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the transaction, the insider owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 61,024 shares of company stock valued at $99,678,386 in the last 90 days. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.